Extended Warranty....is it worth it? (more)
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Joined: Nov 2001
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Alpina B7; Techart Grand GT; G63
Extended Warranty....is it worth it? (more)
I have a '99 car and my 50,000 miles are coming up quick. How much does it cost to extend the warranty? Is it worth it? I always heard that those were the biggest rip offs (easy money for the dealers) Thanks
Senior Member
Joined: Nov 2001
Posts: 411
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From: Los Angeles
I was under that impression too- I'm not usually a sucker for extended warranties, but I think if I were to keep my CLK beyond the factory warranty I'd go for it. The parts for these cars are awfully expensive, and when something breaks or fails it's great knowing you're all covered by warranty.
Member
Joined: Jun 2002
Posts: 101
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From: Virginia Beach, VA
2001 CLK 320
I got the deluxe coverage.
1200.00 or so to take it up to 100000 miles, pending inspection. (They get to make sure the car is in decent shape).
Within a few days of getting the warranty the check Engine light came on.. rhut-ro! 50000mi on my car too. Both 02 Sensors replaced plus the rental vehicle etc..
I KNOW how simple it is to install an O2 sensor. This is NOT a complicated operation at all. But if you get it done at the dealer... 600.00 or so total. So within a week (and right at the 50k mile mark) I just got half my investment back.
It is VERY likely that the 02 sensors will go again in the next 50k miles. If it does happen, I've just paid off my investment and got the repair at a mercedes dealership, and not Joe Snuffy's garage and deli.
If anything ELSE happens, like for instance, the problematic air conditioner that some of these cars have. Well then then yes, it just became a significant return on my investment.
Finally, the warranty should be transferable to the next owner. Effectively the warranty can almost pay for itself in the value it adds for sale/trade in.
Regards,
-Bouncer-
1200.00 or so to take it up to 100000 miles, pending inspection. (They get to make sure the car is in decent shape).
Within a few days of getting the warranty the check Engine light came on.. rhut-ro! 50000mi on my car too. Both 02 Sensors replaced plus the rental vehicle etc..
I KNOW how simple it is to install an O2 sensor. This is NOT a complicated operation at all. But if you get it done at the dealer... 600.00 or so total. So within a week (and right at the 50k mile mark) I just got half my investment back.
It is VERY likely that the 02 sensors will go again in the next 50k miles. If it does happen, I've just paid off my investment and got the repair at a mercedes dealership, and not Joe Snuffy's garage and deli.
If anything ELSE happens, like for instance, the problematic air conditioner that some of these cars have. Well then then yes, it just became a significant return on my investment.
Finally, the warranty should be transferable to the next owner. Effectively the warranty can almost pay for itself in the value it adds for sale/trade in.
Regards,
-Bouncer-
Last edited by Bouncer; Aug 1, 2002 at 08:28 AM.
MBWorld Fanatic!
Joined: Jul 2002
Posts: 5,289
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From: So Cal
W213 '17 E43 ///AMG - W211, W208 no more
for a benz:YES.... for a honda:NO
I would highly recommend getting the extended warranty if u plan on keeping the car past the 50,000 mile coverage.
But, be aware of some facts. In order to continue the manufacturer's Warranty (like the one that comes with the car 4yr/50,000), you must purchase this warranty within the 1st year and/or approx 12,000 miles. And the original owner must purchase this warranty.
The coverages range by additional years. Mileage is the same.
Original Warranty: 4yr/50,000
Extended Warranty Cost: (approx)
$1,200: Total 5yr/100,000
$1,800: Total 6yr/100,000
etc...
I believe it is about $600 per additional year, but the max limit on mileage covered is 100,000 miles.
If you waited until after your one year mark to buy your warranty (or your current warranty is about to expire), you will not be able to purchase an extended Manufacturer's Warranty.
These warranties will be through a 3rd party company. Those prices will range, and the coverage will differ. Some 3rd party providers will not cover dealer services, requiring you to take your vehicle in to their approved service providers (ie., Napa, Kmart Service Centers, etc...)
So, if your car is still new (within a year), and you plan to keep it a while... i highly recommend the extended warranty.
Hope this helps....
But, be aware of some facts. In order to continue the manufacturer's Warranty (like the one that comes with the car 4yr/50,000), you must purchase this warranty within the 1st year and/or approx 12,000 miles. And the original owner must purchase this warranty.
The coverages range by additional years. Mileage is the same.
Original Warranty: 4yr/50,000
Extended Warranty Cost: (approx)
$1,200: Total 5yr/100,000
$1,800: Total 6yr/100,000
etc...
I believe it is about $600 per additional year, but the max limit on mileage covered is 100,000 miles.
If you waited until after your one year mark to buy your warranty (or your current warranty is about to expire), you will not be able to purchase an extended Manufacturer's Warranty.
These warranties will be through a 3rd party company. Those prices will range, and the coverage will differ. Some 3rd party providers will not cover dealer services, requiring you to take your vehicle in to their approved service providers (ie., Napa, Kmart Service Centers, etc...)
So, if your car is still new (within a year), and you plan to keep it a while... i highly recommend the extended warranty.
Hope this helps....
Senior Member
Joined: Feb 2002
Posts: 465
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From: So. Cal.
A 2-Seater Roaster & A 4-Door AMG & 2008 S550
Personally, I think it's worth it to get extended warranty if you plan to keep the car for a while. Imagine all the cost for labor and parts on a Mercedes.
I got extended warranty up to 8 YEARS for like $3500. My friends laught at me 'cause I normally keep my car for only a year or two. However, when I purchased the extended warranty, I was told that I can get a "full refund" if I don't ever use it or I sold the car. So, I guess they "trap" me into their little scam......
I got extended warranty up to 8 YEARS for like $3500. My friends laught at me 'cause I normally keep my car for only a year or two. However, when I purchased the extended warranty, I was told that I can get a "full refund" if I don't ever use it or I sold the car. So, I guess they "trap" me into their little scam......
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MBWorld Fanatic!
Joined: Jul 2002
Posts: 5,289
Likes: 9
From: So Cal
W213 '17 E43 ///AMG - W211, W208 no more
my suggestion....
talk the to original buyer and ask him to purchase the extended warranty for you (of course you would ultimately be paying for it).
good luck! and please post your experience if you do go through with buying the extended warranty.
good luck! and please post your experience if you do go through with buying the extended warranty.
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